What crisis? - Macleans.ca

What crisis?

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Bill Curry notes that the government’s own expert analysis found no impending crisis.

Edward Whitehouse – who researches pension policy on behalf of the Organization for Economic Co-operation and Development and the World Bank – was asked by Ottawa to study and report on how Canada stacks up internationally when it comes to pensions.

His conclusion: “The analysis suggests that Canada does not face major challenges of financial sustainability with its public pension schemes,” and “there is no pressing financial or fiscal need to increase pension ages in the foreseeable future.”

Mr. Whitehouse’s full report is here. His testimony before the finance committee is here. That committee’s final report on the “retirement income security of Canadians” is here.